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Business News Summary Headlines

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Suncor CEO says more oilsands deals may appear in 'exodus' of foreign firms

CALGARY - Suncor Energy (TSX:SU) has a potential opportunity to make further purchases in Alberta's oilsands if foreign multinationals continue to exit the sector, the oil and gas company's chief executive said Thursday.

Suncor feels no pressure to buy but is watching closely for opportunities and has the financial strength to act, Suncor CEO Steve Williams on a conference call with analysts.

Thursday, April 27, 2017 | 04:02 PM

500 people get duplicate tax refund checks, can keep only 1

PROVIDENCE, R.I. - Five hundred Rhode Island residents have received duplicate tax refund checks totalling $364,000.

A state official says human error is to blame.

Thursday, April 27, 2017 | 03:40 PM

Potash Corp sees better conditions ahead, raises 2017 profit estimate

SASKATOON - A stabilizing market for one of Canada's biggest mineral exports has boosted Potash Corp of Saskatchewan Inc.'s (TSX:POT) outlook for the year ahead.

The Saskatoon-based fertilizer producer said on Thursday it expects to earn between 45 and 65 cents per share this year, about 25 per cent better than it estimated in January.

Thursday, April 27, 2017 | 03:31 PM

AP-NORC poll: Most teens have taken social media break

NEW YORK - The common stereotype has teens glued to their phones 24-7. But nearly 60 per cent of teens in the U.S. have actually taken a break from social media the bulk of them voluntarily, a new survey found .

The poll, from The Associated Press-NORC Center for Public Affairs Research, surveyed teens aged 13 to 17 and found that most value the feeling of connection with friends and family that social media provides. A much smaller number associate it with negative emotions, such as being overwhelmed or needing to always show their best selves.

Thursday, April 27, 2017 | 03:10 PM

Southwest Airlines to end practice of overbooking flights

Southwest Airlines plans to stop overbooking flights an industry practice implicated in an ugly incident on a United Airlines flight that has damaged United's reputation with the flying public.

Last year Southwest bumped 15,000 passengers off flights, more than any other U.S. airline. Carriers say they sometimes sell more tickets than there are seats because often a few passengers don't show up.

Thursday, April 27, 2017 | 02:39 PM

BlackBerry smartphone with physical keyboard will be sold in Canada next month

TORONTO - Canadians will be able to buy a new BlackBerry-branded smartphone with a physical keyboard starting next month.

The KEYone, a phone made in partnership between TCL Communication Technology Holdings Ltd. (TCT) and BlackBerry (TSX:BB), will be available for pre-order at some partners as of May 18.

Thursday, April 27, 2017 | 02:07 PM

Highlights of the 2017-18 Nova Scotia provincial budget

HALIFAX - Highlights of the 2017-18 budget for Nova Scotia:

- Nova Scotia is bringing in a $25.9-million surplus, the second in a row, on a budget that projects $10.5 billion in spending.

Thursday, April 27, 2017 | 12:37 PM

US unemployment claims tick up but remain at low level

WASHINGTON - More Americans filed for unemployment benefits last week, but applications remained at a low level that suggests most workers enjoy job security.

THE NUMBERS: The Labor Department says weekly jobless claims rose by 14,000 to 257,000, the highest level in almost a month. The less volatile four-week average slipped by 500 to 242,250, lowest since late February.

Thursday, April 27, 2017 | 11:59 AM

US durable goods advance modest 0.7 per cent in March

WASHINGTON - Orders for long-lasting manufactured goods posted only a modest gain in March as a key category that tracks business investment plans remained weak.

The Commerce Department says orders for durable goods rose a slight 0.7 per cent in March, the weakest showing since a 0.9 per cent decline in December. The strength came from big increases in the volatile categories of commercial aircraft and military aircraft which offset a drop in demand for motor vehicles.

Thursday, April 27, 2017 | 11:56 AM

Fewer people signed contracts to buy US homes in March

WASHINGTON - Fewer consumers signed contracts to buy U.S. homes last month as the spring buying season revs up with stiff competition for homes amid lagging inventory.

The National Association of Realtors said Thursday that its pending home sales index slipped 0.8 per cent to 111.4 in March, from 112.3 in February.

Thursday, April 27, 2017 | 11:47 AM